Word: key
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Dates: during 1990-1999
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...promise of increased savings to shareholders plays a key role in the precedent-setting battle between Olivetti and Telecom Italia. Franco Bernabe, who took over as chief executive of the recently privatized Telecom only last November, promised to cut costs $560 million a year, including a staff cut of 40,000 employees, nearly a third of the company's total, if shareholders reject the Olivetti bid. Olivetti in turn promised to cut the staff by 12,000 and to spin off noncore operations if its $58 billion plan, among the largest hostile takeovers in history, is accepted. It's easy...
...rebel army is already preparing for its next offensive, tapping support from a widely dispersed Albanian diaspora that reaches as far as New Jersey, where last week K.L.A. representatives held an event. And in the regions around Kosovo, the K.L.A. is sharpening its rudimentary training and logistics network. The key element of that web is a recruiting operation that may have pulled in thousands of battle-age men. In Albania, near the town of Durres, unarmed ethnic Albanian volunteers from Western Europe (countries like Switzerland and Germany are a particular source) head toward the border with supplies...
...students buy one Coke product every other day for a school year," wrote John Bushey in a September missive to area principals, "we will double the required quota." His advice: allow Coke products in class and place vending machines in easily accessible areas. "Location, location, location is the key," he wrote, signing his memo "the Coke Dude...
...character was a key to the success of the departing publisher, it is no less central to the choice of our new one. Ed McCarrick--his wife Pat insists on calling him Edward--is returning to TIME and a job he has aspired to from the moment he joined the company as a junior salesperson in Boston in 1973 to his most recent posting as the publisher of LIFE. And I couldn't be more enthusiastic about having Ed back...
...Possibly" is the key word because for now, dreamy values for Internet companies persist. The jig isn't up, and it may be that this isn't a jig at all. AOL, which has risen from $86 to $164 in the past five weeks, may indeed be the most profitable company in the U.S. some years from now, though last year it strained to make $92 million. It's certainly priced for success. With a market value of $166 billion, it's already more than two times as expensive as Ford, the reigning profits champ last year at $22 billion...